Artificial Intelligence
Bike Sharing Market Size is projected to reach USD 9.96 Billion by 2030, growing at a CAGR of 14.2%: Straits Research
New York, United States, Aug. 03, 2023 (GLOBE NEWSWIRE) — Bike sharing is a shared transportation service in which individuals have short-term, fee-based, or no-cost access to electric or conventional bicycles. Users can take up and return bicycles at numerous moored and dockless stations throughout the city. Unlike dock-less bike sharing, which does not require a docking station and allows bikes to be stored in authorized bike racks or on the sidewalk, docks are unique bike racks that lock the bike and only allow it to be released by computer control. Bike sharing enables locals and visitors to move around cities quickly, economically, and efficiently. These services are an innovative approach to urban mobility difficulties and an effective strategy to promote urban cycling and a more environmentally friendly mode of transportation.
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Increased Venture Capital and Strategic Investment Combine with the Inclusion of E-Bikes to Drive the Global Bike Sharing Market
The significant growth in conventional office commuters’ preference for carpooling and bike pooling is the primary factor influencing the expansion of ride-hailing and ridesharing services. Customers are compelled to use ride-hailing and ridesharing services due to the availability of more benefits from the leading market rivals, such as Uber and Ola, and the selection of convenient pickup and drop-off locations. In addition, the explosive growth of ride-hailing and ridesharing services, such as bike sharing and auto sharing services, even for short-distance travel, is driving the rise of the bike-sharing business.
In addition, ridesharing service providers offer more convenient doorstep pickup and drop-off costs, co-passenger information, and cheaper doorstep pickup and drop-off. This is expected to increase the demand for ridesharing services. Numerous service providers offer a variety of perks, incentives, and discounts, such as a monthly pass for shared transportation, to reduce commuters’ expenses. The global demand for e-bikes continues to increase due to their speedy and adaptable functioning and reduced carbon emissions.
Additionally, the growing customer desire for electric bikes as a cost-effective and environmentally friendly transportation method is aiding bike-sharing expansion. Moreover, an e-bike is superior to a pedal-powered bicycle because it better satisfies the need for higher speed in short-distance commuting. Furthermore, governments across the globe are implementing a variety of initiatives to promote the usage of e-bikes. To solve environmental issues, the majority of governments around the world seek to move from gasoline to electric vehicles. Some bike-sharing firms have begun to build their e-bike fleets to remain competitive in the expanding bike-sharing market.
Technological Advancements to Create Global Bike Sharing Market Opportunities
To provide commuters with trustworthy service, service providers invest extensively in technology innovations like artificial intelligence (AI) and the internet of things (IoT). The combination of GPS technology, consumer-ready smartphone payments, and reduced investment costs for bike locking and monitoring systems have also facilitated the development of a dockless bike-sharing system. Moreover, installing cutting-edge technologies such as IoT and GPS trackers on bicycles enables service providers to locate them anywhere, lowering the chance of theft issues.
In 2019, the bike-sharing company Mobycy, for example, launched the e-scooter service Zypp. IoT (internet of things) gadgets that enable smart unlocking are placed on the scooters. In addition, the development of user-friendly mobile applications increases the utility for both users and carriers. Consequently, the bike-sharing market will continue expanding due to technological advances.
Report Scope
| Report Metric | Details |
| Market Size by 2030 | USD 9,967 million |
| Market Size in 2021 | USD 3,017 million |
| CAGR | 14.2% |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Bike Type, By Sharing System |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Anywheel Pte. Ltd, Beijing Xiaoju Technology Co Ltd., Bird Rides Inc, BIXI Montreal, Bond Mobility (Europe) AG, JCDecaux, LYft Inc., Mobike, Nextbike GmbH, SG Bike Pte Ltd, Spin, Tembici, Uber Technologies Inc., Youon Technology Co. Ltd. Lime |
| Key Market Opportunities | Technological Advancements |
| Key Market Drivers | Increased Venture Capital and Strategic Investment Combine with the Inclusion of E-Bikes |
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Regional Insights
The Asia Pacific is forecasted to command the regional market while expanding at a CAGR of 13.1%. As a result of the rapid adoption of the bike-sharing service in countries such as Vietnam, India, China, and Singapore, demand for the service has increased rapidly throughout the Asia-Pacific region. In addition, the entry of new businesses with innovative concepts, such as dockless bikes, will assist the growth of the Asia-Pacific bike-sharing market throughout the projection period. The ride-hailing business Grab launched the GrabCycle bike-sharing service in March 2018 in Southeast Asia.
The market’s rise is primarily due to the growing popularity of shared bikes among Chinese commuters. For instance, as per the data collected by the bike-sharing firm Hellobike, in China in 2019, there were around 700 million electric bike trips and 300 million ordinary bike rides daily. The Chinese government’s subsidy program for service providers, which pushes companies to develop stations and reach out to many commuters, is also anticipated to help the market expansion.
Europe is predicted to grow at a CAGR of 14.78% during the forecast period. Numerous service providers in countries such as Germany, France, Italy, Spain, and the United Kingdom that emphasize investing heavily in cutting-edge services will expand the European bike-sharing market. Byke, Urbo Solutions, Bleeper Bike, Cloudbike, Rekola, YoBike, Pony Bikes, and the Donkey Republic are only a handful of the regional and start-up bike-sharing businesses operating in Europe. Increased partnerships, collaborations, and joint ventures between supplier authorities and bike share operators to promote sharing mobility services across Europe are also contributing to the rise of the bike-sharing industry in the region.
For example, the leading European bike share providers and operators Donkey Republic, Mobike, Moventia, Nextbike, PBSC, Ride on, Smoove, and Jump by Uber got together in July 2019 to form an Expert Group to foster cooperation and develop the bike-sharing sector in European cities. The organization is a Cycling Industries Europe (CIE) member, which works in over 300 cities and processed 63 million journeys in 2018. Increasing demand for bike share services for commuting and the number of riding vacations also contribute significantly to expanding the bike-sharing market in the UK. According to the 2019 UK Bike Share Survey, bike-sharing services for commuting increased by 42% in 2019. In addition, the business is expanding due to the growing popularity of e-bike sharing and the inventive marketing methods of service providers.
Key Highlights
- The global bike-sharing market size is expected to reach USD 9,967 million by 2030, growing at a CAGR of 14.2% during the forecast period (2022-2030).
- Based on the bike type, the traditional/conventional bike section is projected to have the highest revenue holding, expanding at a CAGR of 12.7%.
- Based on the sharing system, the docked section is projected to have the most significant revenue holding and grow at a CAGR of 15.6%.
- Based on regional segmentation, the Asia Pacific is forecasted to command the regional market while expanding at a CAGR of 13.1%.
Competitive Players in the Market
- Anywheel Pte. Ltd
- Beijing Xiaoju Technology Co, Ltd.
- Bird Rides, Inc
- BIXI Montreal
- Bond Mobility (Europe) AG
- JCDecaux, Lime
- LYft, Inc.
- Mobike
- Nextbike GmbH
- SG Bike Pte Ltd
- Spin
- Tembici
- Uber Technologies Inc.
- Youon Technology Co., Ltd.
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Global Bike Sharing Market: Segmentation
By bike type
- Traditional/Convectional
- E-Bikes
By sharing system
- Docked
- Dock-less
By region
- North America
- Europe
- Asia Pacific
- LAMEA
TABLE OF CONTENT
- EXECUTIVE SUMMARY
- RESEARCH SCOPE & SEGMENTATION
- Research Objectives
- Market Definition
- Limitations & Assumptions
- Market Scope & Segmentation
- Currency & Pricing Considered
- MARKET OPPORTUNITY ASSESSMENT
- Emerging Regions / Countries
- Emerging Companies
- Emerging Applications / End Use
- Investment Landscape
- New Business Models / Revenue Streams
- TAM
- MARKET TRENDS
- Drivers
- Market Warning Factors
- Latest Macro Economic Indicators
- Geopolitical Impact
- Human Factors
- Technology Factors
- MARKET ASSESSMENT
- Porters Five Forces Analysis
- Value Chain Analysis
- Raw Material Analysis
- Sales And Distribution Channel Analysis
- Trade Analysis
- Average Pricing Analysis
- Case Study Analysis
- Patent Analysis
- M & A Agreements & Collabration Analysis
- Export Import Analysis
- Cost Structure Analysis
- ESG TRENDS
- GLOBAL BIKE SHARING MARKET SIZE ANALYSIS
- Global Bike Sharing Market Introduction
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- NORTH AMERICA MARKET ANALYSIS
- Introduction
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- U.S.
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- By Bike Type
- Canada
- EUROPE MARKET ANALYSIS
- Introduction
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- U.K.
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- By Bike Type
- Germany
- France
- Spain
- Italy
- Russia
- Nordic
- Benelux
- Rest Of Europe
- APAC MARKET ANALYSIS
- Introduction
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- China
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- By Bike Type
- Korea
- Japan
- India
- Australia
- Taiwan
- South East Asia
- Rest Of Asia-Pacific
- MIDDLE EAST AND AFRICA MARKET ANALYSIS
- Introduction
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- UAE
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- By Bike Type
- Turkey
- Saudi Arabia
- South Africa
- Egypt
- Nigeria
- Rest Of MEA
- LATAM MARKET ANALYSIS
- Introduction
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- Brazil
- By Bike Type
- Introduction
- Bike Type By Value
- Traditional/Convectional
- By Value
- E-Bikes
- By Value
- Introduction
- By Sharing System
- Introduction
- Sharing System By Value
- Docked
- By Value
- Dock-Less
- By Value
- Introduction
- By Bike Type
- Mexico
- Argentina
- Chile
- Colombia
- Rest Of LATAM
- COMPETITIVE ASSESSMENT
- Adoption Matrix
- Bike Sharing Market Share By Manufacturers
- Bike Sharing Market Ranking By Revenue For Manufacturers
- Average Price By Manufacturers
- Vendor Footprint Analysis
- MARKET PLAYERS ASSESSMENT
- Anywheel Pte. Ltd
- Overview
- Business Information
- Revenue
- ASP
- Gross Margin
- Swot Analysis
- Recent Developmments
- Beijing Xiaoju Technology Co, Ltd.
- Bird Rides, Inc
- BIXI Montreal
- Bond Mobility (Europe) AG
- JCDecaux, Lime
- LYft, Inc.
- Mobike
- Nextbike GmbH
- SG Bike Pte Ltd
- Spin
- Tembici
- Uber Technologies Inc.
- Youon Technology Co., Ltd.
- Anywheel Pte. Ltd
- RESEARCH METHODOLOGY
- Research Data
- Secondary Data
- Major Secondary Sources
- Key Data From Secondary Sources
- Primary Data
- Key Data From Primary Sources
- Breakdown Of Primaries
- Secondary And Primary Research
- Key Industry Insights
- Secondary Data
- Market Size Estimation
- Bottom-Up Approach
- Top-Down Approach
- Market Projection
- Research Assumptions
- Assumptions
- Limitations
- Risk Assessment
- Research Data
- APPENDIX
- Discussion Guide
- Customization Options
- Related Reports
- DISCLAIMER
Table of Content and Figure @ https://straitsresearch.com/report/bike-sharing-market/toc
Market News
- In 2022, Anywheel plans to deploy its bicycles in Ang Mo Kio, Pasir Ris, Punggol, and Tampines before the end of the year. The company has increased the locations it serves after receiving permission from the Land Transport Authority (LTA) to double the number of shared bicycles in its fleet to 30,000.
News Media
Global Bike Sharing Market to expand at a CAGR of 14.2% by 2030
Increasing Usage of E-Bicycles to Surge the Demand for E-Bike Battery Pack
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Artificial Intelligence
How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.
Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence
Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.
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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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About MarketsandMarkets™
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Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Artificial Intelligence
CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review
CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).
The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
View original content:https://www.prnewswire.co.uk/news-releases/cluepoints-launches-medical–safety-review-msr-software-to-revolutionize-clinical-data-review-302260936.html
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